Trends - Bank of England - Business Recorder

Bank of England

UK jobless rate rises again, redundancies hit record high

The number of redundancies reached a record high of 370,000 in the August-to-October period, although it decreased in October alone, the Office for National Statistics said.

Published 15 Dec, 2020 05:11pm

Business & Finance

Bank of England readies armoury to deal with any Brexit disruption

The BoE ramped up market liquidity auctions at the start of the pandemic, as well as cutting interest rates to a record low and restarting its asset-purchase programme.

Published 11 Dec, 2020 05:41pm

Business & Finance

Bank of England relaxes coronavirus curbs on bank dividends and bonuses

The BoE told Britain's seven biggest lenders in March to suspend dividends and share buy-backs until the end of 2020.
Standard Chartered said it welcomed the decision and would consider resuming investor payouts alongside its full-year results in February.

Published 11 Dec, 2020 12:18am

Business & Finance

Bank of England relaxes COVID curbs on bank dividends and bonuses

The BoE told Britain's seven biggest lenders in March to suspend dividends and share buy-backs until the end of 2020, and to cancel payments of any outstanding 2019 dividends.

Published 10 Dec, 2020 09:47pm

Markets

Euro stable ahead of ECB stimulus, pound dips on Brexit fears

Against the pound, however, the euro rose 0.7pc to 90.80 pence while sterling sustained similar losses against the dollar, retreating to $1.3317.

Published 10 Dec, 2020 06:21pm

Business & Finance

Bank of England's Saunders says floor for rates might be just below zero

Members of the BoE's Monetary Policy Committee have expressed differing views over the suitability for Britain of negative rates, which have been used in other European countries and in Japan.

Published 04 Dec, 2020 06:12pm

Business & Finance

Bank of England's Haldane sees lasting scars from COVID-19 crisis

Britain's economy shrank by a quarter when the COVID-19 pandemic hit the country in early 2020 and prompted the government to shut down swathes of businesses.

Published 23 Nov, 2020 05:05pm

Markets

BoE's Haldane sees ‘materially brighter’ outlook for 2021

Britain's economy shrank by almost 20% in the second quarter of 2020 - more than any of its peers - and at the end of September it was still 8.4% smaller than it was a year earlier.
The three R's - recovery, rebalancing, revitalisation - are more important than ever.

Published 18 Nov, 2020 06:20pm

Business & Finance

BoE's Bailey urges banks to commit to post-COVID recovery

While the pandemic was unlikely to prompt the huge shifts in Britain's industrial makeup that took place in the 1980s and 1990s.
Bailey warned that authorities would keep an eye on risks from higher debt levels.

Published 17 Nov, 2020 05:50pm

Markets

BoE's Cunliffe: Not our job to protect banks against digital currencies

"Our job is not to protect bank business models," Cunliffe said.
"Banks will have to adjust. Our job is to ensure that if bank business models change, we manage the financial and macro-economic consequences of that."

Published 13 Nov, 2020 07:56pm

Business & Finance

BoE's Broadbent eyes effect of negative rates on banks

In such a scenario, there could be a risk that banks would cut lending to make up for costs and lower margins due to negative interest rates,
The BoE is conducting a review into negative interest rates to see how they might work in Britain.

Published 06 Nov, 2020 07:25pm

Business & Finance

Bank of England announces £150bn extra cash stimulus

Thursday's BoE announcement meanwhile took the central bank's total QE stimulus amount to £895 billion.

Published 05 Nov, 2020 05:52pm

Business & Finance

Bank of England brings forward Thursday rate announcement

Due to the Chancellor's statement, scheduled for Thursday afternoon, the Bank has brought forward the publication time of its Monetary Policy Report.
Sunak is due to give an update on economic support measures related to the lockdown.

Published 04 Nov, 2020 07:16pm

Business & Finance

Bank of England set to return to the stimulus pump

BoE expected to bolster bond-buying programme again.
Economists predict 100 billion-pound raise - Reuters poll.
Negative rates under feasibility review.
Markets have reduced bets on rates turning negative.

Updated 28 Oct, 2020 07:45pm

Business & Finance

Bank of England calls for mandatory company disclosures on climate risks

"Disclosing your plans can improve your credit rating, broaden your investor base, reduce your cost of finance, and economise on the fixed costs of meeting increasingly vocal investor requests for information,"

Published 16 Oct, 2020 03:47pm

Business & Finance

BoE's Haldane confident that UK recovery will persist

Of course there are risks on the horizon that we all know about. But one of my key learnings from this year has really been just how flexible.
Households have been in the face of very considerable adversity. And that gives me confidence for the future.

Published 15 Oct, 2020 12:51am

Business & Finance

Bank of England asks banks how ready they are for sub-zero rates

BoE writes to banks as part of negative rates assessment
Letter focuses on technology preparedness
BoE asks for responses by Nov. 12
Central bank's next move expected to be more bond-buying
Bailey: not near debating whether to use negative rates
Investors see sub-zero rates in May next year.

Published 13 Oct, 2020 12:40am

Business & Finance

Bank of England asks banks how ready they are for sub-zero rates

The BoE cut its benchmark rate to record low of 0.1% in March to help the economy through the coronavirus crisis.

Published 12 Oct, 2020 04:23pm

Business & Finance

Bank of England urges hard line on property funds

The Financial Conduct Authority (FCA) has proposed that a wait of up to six months for redemptions could avoid a stampede by investors and widespread fund suspensions in future.

Published 08 Oct, 2020 04:34pm

Business & Finance

Bank of England allots most since June in 6-month repo

Demand for the funding peaked on March 24 at 7.2 billion pounds, when liquidity shortages caused by financial market turmoil related to the coronavirus were at their greatest.

Published 06 Oct, 2020 03:47pm

Business & Finance

Bank of England reaches target for corporate bond purchases

BoE data showed the central bank held 19.7 billion pounds of corporate bonds as of Sept. 30.

Published 01 Oct, 2020 07:49pm

Business & Finance

Bank of England survey shows furlough numbers falling, Brexit worries

However, firms said they expected a recent recovery in demand to stall over the next three months, and reported the highest level of anxiety over Brexit since December last year.

Published 01 Oct, 2020 03:37pm

Business & Finance

Bank of England seeks to increase competition in home loans

Some bigger banks can use their own internal models for determining the risk weightings and therefore capital levels for home loans they have granted.

Published 30 Sep, 2020 03:23pm

Business & Finance

Bank of England's Ramsden sees 0.1pc as floor for rates

The BoE, seeking ways to help Britain's economy through the coronavirus crisis, said this month it would look at how it might be able to implement negative rates if they were needed.

Published 28 Sep, 2020 05:08pm

Business & Finance

BoE's Haldane says speed of reactions to COVID crisis gives hope

The crisis provided an opportunity to rethink the country's approach to business and skills.
"It's for us to seize that opportunity, as it was at the end of the Second World War," he said in an interview with ITV.

Published 25 Sep, 2020 01:39am

Business & Finance

Bank of England to propose simpler rules for small banks

The BoE will propose the simpler rules for smaller lenders in a month or so, a step that would have been impossible to agree if Britain was still in the European Union.

Updated 22 Sep, 2020 06:51pm

Markets

Sterling regains lost ground after BoE negative rate talk

The Bank of England kept its main stimulus programmes on hold, as expected, and said that Britain's economy had performed better than expected.
It is clear that they are examining and lining up the tools they can deploy including more quantitative easing and negative rates if the economy diverges from their central scenario,

Published 17 Sep, 2020 09:19pm

Business & Finance

Bank of England studies sub-zero rates in case troubles deepen

BoE says MPC briefed on negative rates.
BoE to look at operational considerations of negative rates.
Bank Rate and bond-buying programme kept on hold.
Sterling falls after announcement.

Published 17 Sep, 2020 06:03pm

Business & Finance

Bank of England set to show it's ready for more stimulus

The BoE has enough firepower in its bond-buying programme to last until the end of 2020.
Britain's economy suffered the biggest contraction of all Group of Seven economies in the second quarter before regaining half of the crash by the end of July.

Published 11 Sep, 2020 08:52pm

Business & Finance

BoE's Saunders expects more stimulus as UK economy stumbles

Says "quite likely" that more easing will be needed.
Benign window for economy may be closing.
QE clearly an option, questions about negative rates.
Says thin trade deal, Brexit uncertainty likely.

Published 04 Sep, 2020 05:44pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
Dow Jones / May 17	40003.59
Tokyo Nikkei / May 20	39197.34
Hang Seng / May 20	19650.18
FTSE 100 / May 20	8442.03
Germany DAX 30 / May 20	18754.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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